Stock prices worldwide have taken a hit in the wake of the UK referendum. The long-term impact is still unknown, but companies across the auto industry are seeing immediate consequences.
We may regard Ford as an American automaker, but ask a Brit and they may tell you otherwise. The Blue Oval has, after all, been selling cars in the UK since 1903, and started manufacturing there as far back as 1911 when it began local production of the Model T in Manchester. Last year Ford ended 100 years of vehicle manufacturing in the UK when the last Transit van rolled off the assembly line in Southampton, but it's still the biggest-selling automotive marque in Britain.
Having a Ford Model T ascend a mountain might sound like a crazy idea, but in 1911 it was a marketing coup. Ford had just arrived in Britain and to prove its worth, a corporate sales agent named Henry Alexander drove a Model T to the top of Ben Nevis in Scotland – Britain's highest mountain. The 4,406-foot ascent took five days, and he Alexander was greeted at the peak by the motor press pool of the day. Then he drove back down in just three hours.
The notion that Chinese automakers would begin selling cars in competitive export markets seemed laughable only a few years ago. But that's what they said about the Koreans, and before them the Japanese. Also laughable: the notion that a British brand like MG would have no outlet to sell their cars in the UK. But that's the situation that MG Rover found itself in after it was taken over by Chinese automakers SAIC and Nanjing.
Britain is stepping up to the man. The island nation is moving to stop a proposal that would allow member countries of the European Union to enforce traffic violations across international borders. The legislation aims to help law enforcement pursue unruly drivers for four major offenses: speeding, running traffic lights, drunk driving and not wearing a seatbelt. Mike Penning, Britain's road safety minister, said that while the UK is all for greater cooperation between the 27 countries in the EU
It's just six years old, but Britons have lived with it long enough to declare the Aston Martin DB9 their favorite car of the past 25 years. Great Britain's drivers were asked to choose their favorite car from a list of 30 rides going back to 1985 and fully ten percent of them chose Aston's middle-child coupe, said to be "synonymous with James Bond" even though he never drove one. Germany rounded out the podium spots with the Volkswagen Golf at number two, and the (Anglo-SaxonGerman) Mini at num
It is a travesty that the initials "MG" are coming to be a convenient epithet for the term "woe." The British sportscar maker has had an exceedingly trying history recently, and things haven't got any better with word that its owner, MG Motor UK Ltd. (which is really Nanjing Automobile Corporation), is reportedly closing the company's Longbridge plant.
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